Aviation

Kenyan national carrier, Kenta Airways Plc National carrier Kenya Airways PLC (KQ) has released its Half Year financial results for the six months ending June 2022 at a virtual investor briefing held this morning. The Group’s total revenue stood at Kshs 48,104 million, recording a 76% increase compared to the same period last year. This increase is mainly attributed to significant growth in passenger revenue which grew by 109%, and cargo revenue which increased by…

There seems to be hope for foreign airlines that their over $464 million stuck funds would be released as the Minister of Information, Alhaji Lai Mohammed said the government was working on resolving the matter. Speaking at a tour of Lagos airport, the Minister said relevant authorities of the government have escalated action on the issue assuring that very soon the matter will be history. This is heart-warming for the carriers that had mounted pressure…

The International Air Transport Association (IATA) has again blasted Nigeria for withholding international airlines funds which it said has hit $464 million. This is coming after Emirates Airlines announced the suspension of all Nigerian routes starting from September 1, 2022, as the carrier said it could not continue flights to Nigeria, lamenting its trapped $85 million. IATA’s Regional Vice-President for Africa and the Middle East, Kamil Alawahdi in a statement on Thursday expressed disappointment with…

Emirates begins Nigeria route capacity cut today     Foreign airlines are said to be scared of their humongous funds trapped in the country and the reason they have clandestinely raised the value of air tickets by over 100 percent. Consequently, the carriers are worried over the devaluation of the country’s currency which they said hurt the carriers. A top official of an airline who pleaded anonymity told Aviation Metric that the devaluation of the…

From obscurity to one of pride, not only for Nigeria but for the West African sub-region: That is the story of the Accident Investigation Bureau- Nigeria (AIB-N) as the Republic of Cameroon sought the support of the Bureau to help investigate an air accident that occurred in the sister African country. The accident, involving a Havilland DHC 400 Twin Otter aircraft, occurred on May 11, in Cameroon. The recent invitation by Cameroon’s Director of Civil…

Aero Contractors, Nigeria’s oldest aviation company has taken delivery of the first set of two Dash-8 (Q-400) aircraft this afternoon at the Nnamdi Azikwe International Airport, Abuja.   The Nigerian registered aircraft owned by UMZA Air will be operated by Aero Contractors under a joint venture agreement between both parties. The Dash 8 aircraft is one of the most fuel-efficient and modern aircraft in the market and has a capacity of 74 seats. The second…

The withholding of foreign airlines’ over $450 million funds by the Central Bank of Nigeria (CBN) is seriously affecting the carriers as South African Airways (SAA) is adjusting its tickets from Naira to Dollar with the ease of allowing its funds to remain in her country rather than go through the process of the difficulty in repatriating its funds from Nigeria. Consequently, the carrier in a statement to its trade partners said from Wednesday, August…

The Federal Airports Authority of Nigeria (FAAN) and the Nigerian Copyright Commission (NCC) have signed a Memorandum of Understanding (MOU) to curb sales of pirated copyright materials at airports across the country. The NCC Director-General, Dr. John Asein, and the FAAN Managing Director, Captain Hamisu Yadudu, signed the MoU in Abuja. This was contained in a statement issued on Tuesday by the NCC Director, Public Affairs, Vincent Oyefeso. Asein thanked FAAN for supporting the commission’s…

The effects of unremitted funds to foreign airlines would continue to lead to high airfares, according to the Chairman, Finchglow Holdings, Mr. Bankole Bernard. The Federal Government, through the Central Bank of Nigeria (CBN), is withholding over $450 million in funds belonging to the carriers, a situation that has posed a serious problem to the operations of the carriers. He equally lamented that the voluntary suspension of operations of Aero Contractors and the grounding of…

Adopt cash and carry policy, more flight disruptions expected Three carriers undergo safety audits, five more for probe No preferential treatment for national carrier-NCAA The incessant delay by airlines and the stranding of passengers across many airports in the country have been attributed to the stoppage of the supply of fuel jets to airlines because of huge outstanding debts owed to fuel suppliers. It is not clear how much the airlines owe the marketers, a…